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20130113
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Search Results 0 to 21 of about 22 (some duplicates have been removed)
CNBC
Jan 17, 2013 6:00pm EST
obama care next year. which is one of the themes i told you about last week, the government made me do it theme. the staffing companies are in flago right now. and i think they'll stay that way for the rest of the year. i think in part because of the affordable care act. they are ultrasensitive to changes in the labor market. temporary employment is more cyclical than regular labor market. first to be hired when the economy comes back. and coming back is exactly what the economy is doing right now. just today we saw the jobless claims drop to the lowest level in five years. >> house ofre. >> full-time employment up 1.4% in 2012, the total number of temporary employees increased by 6.2%. that rapid growth is expected to continue in 2013. the street is looking for 5% growth in temporary employment this year. however, i think that number could ultimately end up being conservative thanks to the affordable care act. aka obama care. once that goes into affect in 2014, companies that employ more than 50 full-time workers will need to provide employees with expensive health care coverage or
CNBC
Jan 21, 2013 4:00am EST
of president barack obama. but will he spend the next four years at the mercy of republicans? we'll explore that. plus, we'll assess if israel could be medicining for a right coalition as benjamin netanyahu says he is prepared to work with the naturalist home. and we'll take a look at travel chaos across the continent as snow and freezing conditions cause plenty of disruption in the air and on the road. now, germany's social democrats are celebrating a stunning victory in lower saxony secured with the victory of just one seat. support for angela merkel's christian democrats fell by 657 percentage points, but the chance ler herself continues to ride high on opinion polls. for more on what all of this means, silvia wadhwa is here to join us on set. good morning to you. i guess, is this -- this is being presented as a blow to angela merkel or at least to her party. but given there's just a one-seat differential in the outcome, is that too strong? >> yes, it is. i think that there are two trends here. one trend is that both major parties, the social democrats and angela merkel are not r
CNBC
Jan 14, 2013 7:00pm EST
are anti-old folks, anti-young people, anti-sick people. all of those horrible things. what's year you action, sir? >> you know, it just sad this is what president obama is going to become in his second term. he seems to be the only person in washington that wants to talk about the nation defaulting on its debt. i think there's nothing that could be more irresponsible for somebody to suggest that america would default. i don't want us to do that. but just remember the debt ceiling the fact that we're hitting up against this max on our credit card again is a symptom of the spending problem in washington and president obama doesn't want to recognize that that problem exists. >> when you say no one is talking about defaulting on the debt, does that also include letting the debt ceiling lapse? >> well, you know, larry, what we're once again up on the debt ceiling. we have been here before, a year and half ago we were having this debate again. i supported a plan cut cap and balance that would have focused on solving the problem. but clearly we haven't sold the problem and credit card is max
CNBC
Jan 18, 2013 4:00am EST
. that's up about 7% since the obamas moved in four years ago and the white house's value peaked at just under $ 00 million in july 2006. given that that was the top of the property boom, pretty impressive that we're not that far off. we want to know, how much do you think the white house is really worth? join the conversation here on "worldwide exchange." get in touch with us, entertain me while ross is away. worldwide@cnbc.com. tweet us, @cnbcwex or @kelly evans. >>> next, u.s. planes will reportedly land in -- i'm sorry, u.s. planes have erroredly landed in algeria as hostage takers remain holed up in a gas complex. we will bring you the latest as we come back. >>> let's take a look at how european equities are right now. advancers generally outpacing decliners. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground sh
CNBC
Jan 16, 2013 9:00am EST
fins this year. what's interesting is obama is on the one hand saying the rich need to pay their fair share, but also raising more money from the wealthy in this inauguration than last time. last year he had a $50,000 cap on what you could contribute to the inauguration ball. this year he's asking for $250,000, up to $1 million from corporations to contribute to the fund-raising. >> for the event itself, what is the total budget? >> it's around $50 million. >> i remember in '09, how many balls were there, nine at least? >> yes. >> this year there are two. >> it's a much smaller event. some of the hotels in d.c. have interesting promotions. the madison hotel has four nights' stay at the presidential sweet, shopping tour and a dedicated social media butler. dedicated social media butler. this is someone who will follow you around and tweet, and pinterest, and facebook, all your events, as you go to all the balls. so that way when you're with the president, you do your -- rather than doing this, you know, you can say, jeeves please -- >> do you have to pay for him as well? >> $47,00
CNBC
Jan 15, 2013 4:00am EST
reading the year before. >>> urging action, president obama, fed chairman bernanke and treasury secretary tim geithner all say congress must face the u.s. debt ceiling or face irreparable damage to the u.s. economy. >>> the third quarter revenue beats forecasts, h & m's top sales estimates, as well. >>> reports say the pcmaker has been in talk wes several private equity firms in recent months about a possible buyout. >>> right. we're just about to get the latest cpi numbers and producer price figures out for the uk. just to remind you, month on month forecast we're looking for a rise of .5%. there's a lot coming out at the same time. >> it's hard to grab these. >> cpi up. for once, it's hit the forecast, up 0.5% on the month, the annual rate 2.7%. that's exactly as forecasts suggested. the highest rate since may. rpi up 0.5%. the annual rate of rpi slightly less. rpx, the old measure we used to look at which includes housing but not mortgage costs, up 3% as expected. the biggest contribution to cpi came from utility bills. the biggest downward pressure on cpi was from transports
CNBC
Jan 14, 2013 6:00am EST
., president obama is said to be forging ahead on a wide ranging plan to overhaul the immigration plan this year. this includes a path to citizenship for illegal immigrants already in the country. immigrants would have to pay fines and back taxes. it would require businesses to veri verify employees in the country legally. the president will lay out his annual state of the u.n. address set for february 12th. >> let's take a look at the markets this morning. at this point, the futures outlook is mixed. dow and s&p 500 futures are both indicated higher. fass dak futures are indicated slightly down, down by just over 7 points and i wonder if part of that is because of what is happening with apple. that sdun does the make up a big part of the post shares percentage. if you take a look at europe this morning, you'll see that it was at this point the averages there above fair value are trading higher in the early trade there. in france, cac is up by .4%. germany the dax is up by .6%. the ftse is lightly higher bay few points in london. in asia overnight, you'll see that the hang seng endeded
CNBC
Jan 18, 2013 1:00pm EST
purpose. it may carry on for years or decades, but eventually that company will decline. it it needs to consciously create value for all of its stake holders. >> on monday, president obama will be inaugurated for a second time. you have called obama care a variety of things. most famously, a form of fascism. a phrase you backed away from. why do you feel so strongly that obama care and this president is leading in the wrong direction? >> well, first i made a poor choice in words that got a lot of people upset. and of koirs that wasn't my intention. i'm a believer in free enterprise capitalism. i think it is what's lifted humanity out of poverty. i think it result in great progress we made in the world. a hundred years ago 85% of people alive lived on less than $1 a day. average life span, 30. now across the world, 68. 78 in the united states. that's due it capitalism. that's due to business. i would like to see healthcare based on free enterprise capitalism. instead it has moved to greater government control, which saps innovation, doesn't give us choices or innovations. i would much
CNBC
Jan 20, 2013 7:30pm EST
barack obama has done right and wrong over the last four years. >>> plus, food for thought. the ceo who says oba. >>> and know when to hold them and when to fold them. the importance of keeping a poker face for women in the business world. "on the money" begins right now. >>> here's a look at what's making news as we head into a new week "on the money." the stealth market rally keeps powering forward, and the major indices are at or near five-year highs. the markets have been powered by so much money ones sidelines, new money coming into the market at the beginning of the year as well as encouraging economic news and just a lack of bad news when it comes to earnings. stocks kept on climbing on friday. lots of earnings news for lots of big financial companies this week. goldman sachs passed expectations, as did morgan stanley, while citi fell well short. jpmorgan chase beat expectations, but cut chairman jamie dimon's compensation in half because of the so-called london whale trade. retail sales were up more than expected in december, 0.5%. americans ignored worries about higher taxe
CNBC
Jan 15, 2013 9:00am EST
falacious. i can't think that you know that there is anywhere near true. >> i think barack obama agreed with me, the debt ceiling is there for a reason. it forces us to have this discussion. if we didn't have it, we would blow through it like we did for many years. yes, we're doing it differently now. we're talking about the debt ceiling in term of ways to have a discussion and reduce spending. is that different than it has been over the last 30 years? yes, but thankfully so. maybe if we had these discussions for the last 30 years we wouldn't be looking at $6 trillion in debt. we've done it to ourselves but this is the future and perhaps rightly so until we get things straightened out. >> we'll keep a close eye. thanks for coming to the camera. >> thanks for having me. >> still, the cost of america's crumbling of infrastructure. we're back in a moment. >> announcer: this cnbc program is sponsored by audi, truth in engineering. [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ the street." i'm michelle caruso cabrera. a report just came out
CNBC
Jan 21, 2013 11:00am EST
will take place. that's roughly a third of the number who attended president obama's first inauguration four years ago. once again welcome, everybody. i'm tyler mathisen joined by cnbc's chief washington correspondent john harwood. great to be with you on this day of history. >> welcome to d.c. >> good to see you. the oath of office will take place in about 50 minutes, but today, of course, is all about the ceremony. you probably know this already, yesterday chief justice john roberts officially administered the oath in a small, private ceremony in the blue room at the white house as per the constitution. >> this morning the president and the vice president attended church services with their families at st. john's church, an inauguration day tradition ever since franklin roosevelt started it in 1933. president obama arrived at the capitol just a few minutes ago. he will soon be announced to the crowd and seated. here are the highlights of today's program. vice president joe biden will take the oath of office first administered by supreme court associate justice sonia sotomayor. >> and
CNBC
Jan 17, 2013 3:00pm EST
a controversy involving president obama's inauguration. more on that coming up. >> ebay trading at a seven-year high. is there more room to grow? that and much more coming up on the "closing bell" here on cnbc. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sl
CNBC
Jan 13, 2013 7:30pm EST
. and mr. obama. but what they got was a guy who, while not one of them -- at least does know the budget really well, and clearly the main challenge on the economic front for the -- first year is going to be on the fiscal front. so insofar as jack lew has the trust of the president has in power to make deals, i would say that's a positive. but you have to keep in mind, he's not exactly the most trusted or liked person among republicans on capitol hill so that make make deal making a little rougher. >> jerry, what about all these issues in washington, the debt ceiling fight on the horizon. is this going to impact the broad economy and the earnings season, do you think? >> i guess this whole political thing is -- these are all the bricks in the wall of worry that equity markets are continuing to climb. i think there's -- you know, we know how to talk about these things, they're out there, they're visible, they're in the media a lot. you know, we follow them i think sometimes like a sport. and so maybe we exaggerate a little bit how much the -- these political match nations -- i don'
CNBC
Jan 18, 2013 12:00pm EST
business ness the studio, dead set against obama care but that isn't the only thing that is controversial about him. he is always thought provoking. have you ever wanted to own the batmobile? actually no. but maybe you have. your 15-year-old self must be dying to know how. we'll tell you. back to you scott and the halftime crew. >> thanks so much. see you at the top of the hour. how low will the yen go? japanese stocks ripping again today. the yen continues to plunge against the dollar. should you bet against this trend? let's bring in kathy. this trade is not over. >> i don't think so. i think you are standing in front of the dollar/yen move and trying to short it is like trying to stand in front of a run away train. it is headed higher ahead of the boj meeting next week. >> early in the week, yeah? >> yes. it is going to be on tuesday in japan so i think that today we've seen a little yen weakness. on monday we'll continue to see a bit of yen weakness and maybe another break above the 90 level before the boj meeting. >> 90 is a key place for you in this trade. give us the levels. >> it
CNBC
Jan 15, 2013 7:00pm EST
done this already under entitlements. >> that is the big question. will president obama compromise? >> i'm not sure he is going to compromise on this debt ceiling fight. it is important to talk about the broader contours of this actual debate. a year and a half ago we had an increase of 1 $2.1 trillion. and we are through that. and now we are up to $17 trillion. so, in my view to be candid. there is only one party that is remotely serious about dealing with this party. if we are talking tactics, what do you do if you are house republicans? you have leverage. you have talked about them already on this show. one of them is the debt ceiling fight. and the final one is the continuing resolution which is the stop gap thing because we haven't had a budget for four years. i agree with you. i think the president has the high ground there. he has a big weapon in his arsenal there. you have to give the president his way on that. >> if you pay the debt but you have to apportion out the money, the term for that is default. >> mark, my basic view is this is going to get done. but i'd like to mo
CNBC
Jan 17, 2013 7:00pm EST
% per you. the last dozen years however, we have dropped below 2%. and the so-called obama recovery is just a tad above that 2% rate. which should be unacceptable. it is the worst in the post world war ii era. so the question tonight, what's holding back the american economy? here's my quick road map for an economic boom. start off with major cuts in government spending. we should stop paying people not to work. then cut large and small business tax rates to about 25% or less. both large and small business. finally, president obama, please, ease up on all the regulations. i want to talk about this because nobody should be satisfied with 2% growth. let's talk to our friend dean baker from the center for economic and policy research. welcome to both of you. all right, dean, i think 2% is way too low. i think we should be striving for something that's more than twice and that history of america. why can't we get there? >> i agree that's way too low. your policies, they tried that unity, they're back in recession or maybe they're scraping along. that's not going to do it. the story here
CNBC
Jan 16, 2013 7:00pm EST
troubling me right now, look i disagree with barack obama's fiscal and economic policy. i have for four years and i reckon i'll disagree with it for a while longer. i'll tell you this. the guy goes out and gives this gun control, safety speech today. okay. you don't have to agree with everything. a very complex issue we're dealing with in this horrible heinous national tragedy. but already, joe, right away republicans, some of them are out there killing him. executive orders are no good. papa bush used executive orders on this very subject. you know what i'm saying. the gop has become the pessimistic party of dr. no not the solution party of let's get together and figure something out. we can do this. reban always said we can do this. right now the gop says we can't do anything except bash obama. >> great leaders figure out how to say yes. ronald reagan and i'll say it, i voted to impeach the guy, bill clinton. bill clinton would always figure out that when republicans said something he agreed with he would tell people. hey, you know that's a good idea. they are right. and i guess as a
CNBC
Jan 18, 2013 3:00pm EST
your exporters. the biggest election day of last year was december 16th. you had president barack obama, putin, francois hollande and pena in mexico. shinzo abe in japan, december 16th, going to weaken the yen and restructure there, and we think japan has legs, maria. >> right. >> so you want to get exposure, big exporters, automobile companies, electronics. >> japan exporters are on fire and that's why that fund has been really increasing. >> you look at a chart, maria, goes straight up. >> hey, josh, you like health care stocks, too, at this level, don't you? >> we've been extremely bullish on health care since the early part of last-year, and there was absolutely nothing in the data, terk call or fundamental that tells us we should change our mind. one name to highlight is pfizer. they are about to spin off their animal health unit. if you know the data on how spinoffs typically perform, parent and child, you'll want to pay extra special attention to the timing of this deal, because i've got to tell you, i think it will be unlike a lot of value. i think both pieces that have eq
CNBC
Jan 14, 2013 1:00pm EST
day starts now. >> the fight in washington has begun. president obama issuing a warning on the next d.c. deadline, days after americans see a bigger chunk of their first check of the year going to social security taxes. something rotten may be at apple. the stock is dropping, taking with it the nasdaq and a whole lot of mutual funds. so should you get ready to bite? go into apple on the report that scott just talked about. and check out the brand new corvette. iconic car, maybe even more beautiful than it's ever been. that's one of the things on display at the detroit auto show. we will take you to motor city live. but first to sue with the new york stock exchange. >> ty, you saw it moment ago on cnbc. president obama finishing up his news conference in washington. topic number one, debt ceiling deadline. john harwood is at the white house. lines are drawn, john. >> sue, they were drawn very starkly by the president. he asserted that american people vendcated his approach to deficit reduction in the recently passed election. he said he was willing to negotiate over ways to cut the d
CNBC
Jan 14, 2013 9:00am EST
don't think they'll need to. we have this fight a year and a half ago and the taxpayers won and obama lost. we're going to have this fight again. obama wants to keep spending crazily. he wants to have more solyndras. the answer is no. and the only person who can default is obama. when we hit the debt ceiling they're not allowed to borrow anymore. you don't not pay your mortgage if you get a 10% cut in your salary. you reduce other things. you pay your debts first and then you deal with other spending. the president's tried to turn that upside down by saying he would cancel the debt. he can't do it. he won't do it. he's lying when he says that's what he will do. i think we have a conversation over the next two months reminding the american people that we will pay our debts but we won't pay obama's crazy overspending. >> the people are in charge. whether it's jack lew or tim geithner if you remember what happened at the end of 2011, it was an issue where you're going to be watching on tv that the soldiers that protect our freedom, are they going to get their check? soldiers that came ba
CNBC
Jan 18, 2013 6:00am EST
significant. first of all, when you look at how americans approach the second obama inaugural, they're very much resigned to a pretty difficult time economically. there isn't nearly the sort of hope that you had in 2009 when we asked people is 2013 going to be a year of economic expansion and opportunity or where where you pull back and stay for hard times? by two to one, people say they're going to pull back and save for hard times. president obama's approval rating is over 50%, it's at 52%. not bad. but not a real spike as sometimes you get with a re-elected president who benefits from the absence of bad feeling once the election is over. he's doing a little better, but he only moves in a narrow band. republicans or the congress, rather, is doing much, much worse. you see the approval rating for congress. it's only 14%. 81% disapprove of congress. that is epically bad and it shows the president has a bit of a strength in hand as he goes into the budget talks. so does this final number that i want to run through, which is if the budget talk fails, the debt limit is not raised
Search Results 0 to 21 of about 22 (some duplicates have been removed)